Synthomer Share Discussion Threads

[my retirement fund] 28/9/2023 09:44

Be down to 14p new money next week

[libertine] 28/9/2023 08:19

Nil Paid Ticker SYNN

[typo56] 27/9/2023 08:43

Be down to 14p old money tomorrow

[mrminister] 26/9/2023 12:46

Now down to 38 in old money .... incredible

[netcurtains] 26/9/2023 12:29

Trading view has this as the best technical analysis for day and week..
any reason?

[blackhorse23] 26/9/2023 11:14

Switched to GATC

[blackhorse23] 26/9/2023 11:13

It's actually red, according to 1 vs 20 shares

[typo56] 26/9/2023 10:45

According to today's RNS 23,366,803 Ordinary Shares of 1 pence.

I believe ADVFN includes a free RNS news feed.

[sbb1x] 26/9/2023 10:12

How many shares in issue now......Thanks in advance!

[my retirement fund] 26/9/2023 10:01

A depressing feeling of inevitably as the poor management who have bought themselves a little time steer the ship back onto the rocks

[typo56] 26/9/2023 09:47

There's a depressing lack of confusion today!

[my retirement fund] 26/9/2023 09:44

Massive dilution wiping out existing shareholders completely and ridiculous capital reorganisation. Now, let the selling re-commence !

[eigthwonder] 17/9/2023 14:07

CEO wasn't fired for the acquisition - he had already declared that he was on his way out - but the Board allowed him to make the acquisition even though he was leaving. Which is ridiculous. When the company is up to its neck in the smelly stuff it doesn't get a say in what price the shares are issued at, the market, specifically the special situations vultures, tell them what price the shares will be issued at,

[mrminister] 15/9/2023 16:41

11 mil after hours ....where's all this huge volume going this week ?

[wigwammer] 15/9/2023 09:33

Well the FD is new. Which sort of clears her... BUT the decision to take the easy way out and issue shares near the all time lows does perhaps suggest a lack of creativity and ability to convince and persuade on her part. Still, she was handed an absolute mess by Caroline Johnstone and pals...

[meijiman] 15/9/2023 09:26

Probably the same reason why Sharon White still has a job at John Lewis despite years of failure..oh hang on.
I guess the craven ineptitude of the other non-execs is one factor....and obviously the disastrous acquisition was pushed through by an aggressive ceo who was then fired when it turned out he had paid 3x what it was worth.
The FD is a token figure here.
An utterly shambolic company.

[wigwammer] 15/9/2023 09:19

Oh and don't forget. They also decided NOT to tell ALL shareholders fairly that a rights issue might be on the table when they updated in May and July. "All options are on the table when it comes to fixing the balance sheet". - they could have said that and everybody would be on the same page - not hard is it?! But they chose not to...... Instead, they allowed a situation to develop where the shares crashed almost each day until the issue was announced. Absolutely dire judgement and ability on display... get them out!

[mrminister] 13/9/2023 13:05

Very high volume once again ....

[pete160] 12/9/2023 22:23

If you buy this pile of poo today, I imagine you'd qualify for a knighthood!

[my retirement fund] 12/9/2023 19:05

Are you insane ?

[jimbull] 11/9/2023 13:34

If I buy today, will I qualify for rights?

[edmundshaw] 09/9/2023 19:22

I exited too on Friday. My only major loser in a few years now, and a reminder lesson I shouldn't really have needed re: management and debt. The cancelled dividend in itself was not a disaster, but other stuff has; the board has been dire and has not been straight with us in my view. In particular, they were suggesting this was a bad patch while overstocked gloves were consumed by customers; now they are talking about competition issues too...

There are some beaten down stocks that look like they are well positioned to recover, I am not convinced this is one of them.

[nomolos1] 09/9/2023 11:53

Re directors buying ahead of a rights issue - I wouldn't read too much into, new CEO's and CFO often have contractual rights to purchase a number of shares in the business before a certain date - without reading through the announcement of Wilomes appointment I would assume its the case.Re the Eastman deal - again in hindsight it looks a stinker - but mid size companies with large cash reserves get gobbled it - we'll never know the - but the decision makers are still there - the CEO executes, it's the board that sets the direction.Main question for me is do i trust the new management team to dig themselves out.

[meijiman] 09/9/2023 10:32

Good point gstarkey. You cannot preside over this omnishambles and carry on regardless.Seems like the view of the acquisition was based on fantasy optimism and ignored the chance of recession or interest rates rising. This is schoolboy stuff.
The Malaysian on the board clearly failed to warn. The remaining Catto on the board failed to warn.The useless ceo was clearly asked to leave to save the skins of the others to stay on the gravy train. So now shareholders bail out the company. Needs a root and branch clearout post rights dust settling.